Compare two stocks
HWM and CAH clearly differ on 1 of 19 forces. The widest gap is emerging markets: in weeks when emerging-market stocks beat the S&P 500 by 1 percentage point, HWM typically moved +0.37% and CAH −0.21%.
| Economic force | HWMHowmet Aerospace | CAHCardinal Health |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.29%−1.8% to +1.2%Not distinguishable from zero | −0.13%−1.4% to +1.2%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | −1.4%−5.1% to +2.3%Not distinguishable from zero | −0.30%−3.0% to +2.4%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.65%−1.2% to +2.5%Not distinguishable from zero | +1.2%−0.04% to +2.5%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.73%−1.7% to +0.20%Not distinguishable from zero | −0.14%−1.0% to +0.73%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | +3.8%+0.83% to +6.8%Tentative | +3.6%+0.85% to +6.4%Tentative |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | +1.6%−0.59% to +3.9%Not distinguishable from zero | +2.1%+0.12% to +4.0%Tentative |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −1.3%−2.4% to −0.13%Tentative | −1.2%−2.0% to −0.35%Tentative |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.58%−0.73% to +1.9%Not distinguishable from zero | +0.35%−0.54% to +1.3%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.10%−1.1% to +0.88%Not distinguishable from zero | −0.18%−1.3% to +1.0%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.40%−0.16% to +1.0%Not distinguishable from zero | +0.03%−0.50% to +0.56%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.03%−0.06% to 0.00%Not distinguishable from zero | −0.02%−0.03% to −0.01%Tentative |
| BitcoinIn weeks when the price of bitcoin rose 10% | +0.36%−0.23% to +0.94%Not distinguishable from zero | −0.49%−1.1% to +0.17%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.37%+0.05% to +0.70%Tentative | +0.07%−0.23% to +0.36%Not distinguishable from zero |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.53%+0.28% to +0.79%Clear | +0.48%+0.21% to +0.75%Tentative |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | +0.49%+0.18% to +0.81%Tentative | −0.11%−0.50% to +0.27%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −3.3%−5.3% to −1.3%Tentative | −3.4%−5.5% to −1.2%Tentative |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.35%−1.7% to +1.0%Not distinguishable from zero | −0.82%−1.5% to −0.17%Tentative |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage pointClear difference | +0.37%+0.09% to +0.65%Tentative | −0.21%−0.50% to +0.07%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage point | +0.07%−0.11% to +0.26%Not distinguishable from zero | −0.01%−0.16% to +0.14%Not distinguishable from zero |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.